Valmont Industries, Inc. (NYSE:VMI)

A producer of fabricated metal products and a producer of metal & concrete pole and tower structures in its Engineered Support Structures & Utilities Support Structures businesses, and is a producer of mechanized irrigation systems.

Moat? check..........tell me all of its competitorsReasonable price relative to the market? check Easy to understand businesses? checkIs management focused on returning capital to shareholders in a reasonable manner? check......stock repurchase plan of $500 mil (roughly 12% of float at current prices)Growth over the last 10 years? big checkBalance sheet look good? checkROI and ROE look good? checkDoes valuemoneygreen think this equity will outperform the market over the next ten years? check

This producer of traffic infrastructure, electric utility infrastructure, wireless infrastructure, and irrigation systems should benefit from increased activity in the US, particularly in the utility segment, as the aging grid is upgraded and increased manufacturing activity--due in part to low natural gas prices -- requires more investment. Business segments within the company appear to have certain advantages (scale and technological) that should allow the company to take advantage of increased North American infrastructure activity.

Guess who makes all those wonderful lighting fixtures you see along highways? And the huge irrigation pipe thingsees for agriculture? Valmont Industries. They’re doing very well. Profits are up Dividend is up Guidance is up. So are the shares.

Valmont has been one of the economic indicators in Eastern Nebraska for years. In the '80's and '90's, the local television stations would point to Valmont as a sign that the economy wasn't as bad as people made it out to be, and a sign of the recovery.

This is a company that has achieved #1positions in mechanized irrigation and poles.It has opened 3 factories in China and hasbeen profitable in China.The company benefits from need for water conservation,electricity growth and need for more transmission structures.Likely will be acquired by a larger company in the future because it is such a great company and because the founder still owns a third of shares and likely won't live forever.

Company continues to expand around the world. China's demand should grow fast and this company has 3 modern plants there.

Aquisitions continue to be made and will aid growth and profits in the years to come. Good Management exists both domestically and in their internation division. Expect the trend to go up nicely over 5 year time frame.

Dont fight the trend. The price needs to correct a bit closer to it's next support level at around 72. This will put it's PE at a much more rational number and will help stablize a bottom before moving again to challenge it's highs. stock will underperform for the next several months then tiime to re-evaluate.